Consumers can order a ChexSystems report via mail by printing and filling out the downloadable form at https:
How ChexSystems works
Many consumers mistakenly believe that ChexSystems denied them from opening a bank account, when in fact it is the financial institution that a given consumer tried to do business with that accepts or declines their account. ChexSystems merely provides financial institutions with a consumer's credit score and financial history. If you request a ChexSystems report and the file they send you is blank, that is generally a good thing.
I have a ChexSystems score of Is this score good or bad? Is it good enough to get a new checking or savings account?
I recently asked this at a local credit union and they told me the minimum score they accept is I also saw somewhere online that was either acceptable or good. Not Helpful 0 Helpful 4. I have requested a ChexSystems report twice, and not received anything in the mail. Does that mean that there is nothing to report?
Ask specific questions to see if they received your request. A report should be issued even if it is "blank", and you have the right to see that report. Not Helpful 0 Helpful 2. Why would I be unable to open a checking account if my ChexSystems report said "no information"?
That would be a question for the institution that denied you the account. They are required to provide you a written letter if they deny your account application, where they obtained the information that led to the denial, and why. As long as they have computers and computer servers with hard drives.
Not Helpful 6 Helpful 6. Can a person be added to my bank account if they owe money to another bank? Each bank has different policies and procedures for these instances.
It's best to call your bank and ask how they would handle the situation. Not Helpful 0 Helpful 1. ChexSystems says that I owe money for a bad check but I never even had an account with that bank. Do I have to pay? Contact the IRS Fraud division for assistance. Do not pay the money unless they advise you to. Not Helpful 4 Helpful 4. Each bank has different policies and procedures. Some may allow you to open an account even with negative information while others may only allow you to open a savings account until you become an established customer.
Some may deny you an account entirely until you show them you've cleared up what you may owe to other banks. Not Helpful 0 Helpful 0. I just submitted a request How can I find out if it was accepted.
Answer this question Flag as What if you paid off balance owed to bank that turned you in? Would you still be able to be added to an already existing checking account? I filed for bankruptcy.
What do I need to do next in order to have my info removed from ChexSystems? Can a creditor or attorney place a judgement or lien against your checking account that freezes your account?
How do I check my online status on ChexSystems? Include your email address to get a message when this question is answered. The review process is akin to applying for a credit card. A card issuer generally goes through at least one major credit reporting bureau to check your credit. Some banks look at your credit score when you apply for a bank account too.
Get your score free from NerdWallet. Banks and credit unions share information about these individuals and whether the institution closed their accounts.
In return, the agency collects these consumer histories and creates risk scores and reports for banks to use as they consider potential customers. You can request both your score and report from the agency, but a ChexSystems report is more useful. Unlike credit reports, the ChexSystems ones focus mostly on negative account history. Information on your record at ChexSystems can stay there for up to five years. Under a federal law called the Fair and Accurate Credit Transaction Act, you're allowed to request a copy of the ChexSystems report about you every 12 months for free.
You can do this through postal mail by using a form to download and print that is available at the company's website, by phone, by fax or electronically at the ChexSystems website. You'll be asked to provide information like your current and previous addresses, phone number, Social Security number and driver's license number, if you have one. Once you submit your request, ChexSystems will generally send you your report within five business days.
The report will potentially contain entries for your various bank accounts, including any issues the banks may have reported. You should review it carefully when it arrives and make sure that it is correct. If you see something on your ChexSystems report that isn't true, you legally have the right to challenge it.
You can either dispute the incorrect information with the source of that information, which generally will be a bank, or directly with ChexSystems.
You can submit the dispute online or do so by mail or fax by writing a letter or filling out a form available on the ChexSystems website. If you have documentation showing what's incorrect and why, you should include it with your form.